jimbocoin on Nostr: #Bitcoin price prediction: crab sideways until next Spring. Rationale: 1. Bitcoin ...
#Bitcoin price prediction: crab sideways until next Spring.
Rationale:
1. Bitcoin competes for attention in memespace. People’s surplus attention will be wrapped up in politics.
2. Inflation is hurting people’s pocket books. They don’t have surplus money to spend.
3. The Fed pump won’t get going immediately. It’ll take time for lowered rates to prompt reallocations.
4. Recent buyers and traders will be dumping before New Years to lock in their capital losses for 2024.
What am I missing?
Published at
2024-09-03 18:00:17Event JSON
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"content": "#Bitcoin price prediction: crab sideways until next Spring.\n\nRationale:\n\n1. Bitcoin competes for attention in memespace. People’s surplus attention will be wrapped up in politics.\n\n2. Inflation is hurting people’s pocket books. They don’t have surplus money to spend.\n\n3. The Fed pump won’t get going immediately. It’ll take time for lowered rates to prompt reallocations.\n\n4. Recent buyers and traders will be dumping before New Years to lock in their capital losses for 2024.\n\nWhat am I missing?",
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